Guideline Value for Jagadambal Nagar

Jagadambal Nagar guideline value

The current guideline value of Jagadambal Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Jagadambal Nagar has changed

The guideline value for Jagadambal Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it dropped to Rs 938 per sq.ft in 2017 before rising to Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 927%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current guideline value for Jagadambal Nagar.

• Green Park: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagadambal Nagar?

The Sub Registrar Office that covers Jagadambal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruverkadu

The guideline value is a crucial factor in property transactions in Thiruverkadu. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jagadambal Nagar?

The current guideline value of Jagadambal Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 927% over the years.

What are the stamp duty and registration fees for properties in Jagadambal Nagar?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in Jagadambal Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Jagadambal Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification in Jagadambal Nagar?

Jagadambal Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.